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20121220
20121220
Search Results 0 to 19 of about 20 (some duplicates have been removed)
." i'm maria bartiromo at the new york stock exchange. the house of representatives voting right now. they have a number of measures to vote on before speaker boehner's plan "b," but we'll continue to monitor capitol hill for any developments. meanwhi meanwhile, i'm here with scott wapner. the market modestly higher despite uncertainty over a fiscal cliff deal. new information coming up in moments. >> good to see you again. scott wapner in today for bill griffiths. less than one hour to go in this trading day. the dow is positive now, just off the highs of the day. good for 39 points. nasdaq's higher, s&p is higher as well at this point. all eyes certainly on the nation's capital though today, maria, and here at the stock exchange. >> absolutely. first, here is what we know. global exchange officials right now are discussing how to respond to an $8.25 billion deal announced today between the new york storage and intercontinental exchange. there's been informal discussions with the stock exchange about a deal as recently as last week but the nyse, afraid to have another deal blocked b
forward hearing from both men later in the program. as for the deal itself, if you're a new york stock exchange shareholder, mr. spreker built this account the past decade. 36% of the combined company will be controlled by current new york stock exchange shareholders. you get a premium. also an opportunity to participate in the continued growth of what will be a trading ba he months. they trade stocks. energy, interest rates, commodities, agriculture, that's what it's bat. global platform for the trading in so many different asset classes, particularly as it relates to derivatives, putting these two companies together this way. cost synergy is very important. $450 million what they are looking for. say that will take place after the second full year, realizing all of them but almost 80% within two years of closing. that's related to technology savings. clearing duplicate expenses, one public company instead of two save money. there are going to be some job losses one would anticipate here as well. women see how ice shares do today, of course, a growth company, so in growth shareholder
, that was interesting. new york values went up as well. lori: markets are scattered. that is a debate over what the fines wealth in america, cost of living, property values, you can't have one single threshold the works across the board because -- lori: bringing it back to taxes. melissa: i love it. lori: and $8 billion deal, what does it mean for the future of trading? charlie gasparino will be along with exclusive details. melissa: look at how the dollar is fairing, the market up slightly and with that, currencies are weaker across the board. we will be right back. melissa: we want to take you to capitol hill, john boehner. >> the president called on the house again and again to pass a bill to protect 98% of the american people from a tax hike. today we will do better than that. our bill will protect 99.81% of the american people from an increase in taxes. it is permanent tax relief for individuals. a permanent hatch on the alternative minimum tax, the marriage penalty, death tax relief and permanent extension of higher child tax credit and capital gains and dividends rates we see today. all
the jeffries trading floor today in new york. peter, you have a lot of different scenarios, but the most likely scenario that you think is that the blackberry fails, there is no acquisition on this and the cash firm continues? >> yeah. we think it costs about $1 billion to launch these devices. if successful, we think an access possibility goes up. if not, we see the company become much, much smaller a year from now. >> how do you measure success? and when we we know on this? >> we'll probably know around around/may next year. success would be call it 3 to 5 million units in the first quarter out of the gate and 5 million units plus after that. to us, that would be a very good launch. >> for anybody who is actually a blackberry user still, what do you say about these things? if there's a takeover, does that mean blackberry continues? what's the long-term outlook for the company? >> i would suspect that if you're a blackberry user, there's very little chance that your service is going to be cut off. that is a key cash flow driver for the company and anybody who would want to buy isn't concerned
in the air. atlanta will have delays. as the system moves east on the weekend, even new york and boston will have delays from this storm. and then we'll talk about the west when we get back with the rest of the weather. it is a messy next couple of days. >> real sloppy. sam, thanks very much. >>> we'll get the latest on that fiscal cliff. down to 12 days before everyone's taxes go up and every government program is cut. and that is a little more likely this morning, with private talks frozen and both sides blaming each other for the breakdown. abc's jonathan karl has all this from washington. all of the focus on speaker john boehner's fallback plan, what he is calling plan "b." >> reporter: that's right, george. talks have got son low, i would say this is the low point, that boehner is moving ahead with the backup plan that the president so opposes, he says he will veto. under plan "b" most of the tax cuts will be extended for those making over $1 million. for those over $1 million, the tax rates would go up. this could do nothing to address the issues. like spending cuts and the debt c
. >> susie: the threat of the fiscal cliff was a big topic at an investor conference in new york today hosted by johnson controls. this wisconsin-based industrial conglomerate is a leading provider of products to make buildings energy efficient, and it's also the world's largest maker of car batteries and automotive seats. c.e.o. stephen roell told me he's worried that uncertainty about the fiscal cliff could hurt consumer confidence, and his business. >> we don't do that. as the consumer, i products to costumers like the big three, that in turn sell to the auto industry. my biggest concern is how it will affect the psychology of the consumer. i've been surprised, susie, that people continue to buy automobiles. but my fear is that could change dramatically. >> susie: steve, to what extent are the ups and downs impacting your business day to day. >> i think people are holding back on making captain investments. i see that particularly in the building side. from m stdpoit, i continue to invest around the world. i'll invest to make sure i'm buying the strategies we laid up for the next three ye
austerity pross. in a piece called "god sieve the british economy" in the upcoming "new york times" magazine adam davidson writes "in the past two years the united states has experienced a steep downturn followed by steady though horrendously slow upturn. the british economy, however, is profoundly stuck. the u.k. has been put on negative watch on three largest credit rating agencies. the european union is britain's largest trading partner, europe's economy remains on prepares you footing despite several months of relative calm and there's a growing debate abt whher e u.k should lead the e.u. earlier this month we covered the "economist" magazine read "good-bye europe, look what happened when britain left the e.u. " i'm pleased to have george osborne back on this program and back at this table. >> thank you very much. >> rose: you're in new york city for a speech at the manhattan institute. >> i did that last night and had some meetings on wall street, seeing them there later. >> rose: so what's your message about the british economy to manhattan institute as well as the mayor and wall stree
from our studios in new york city, this is charlie rose. >> rose: george osborne is here. he is britain's chancellor of the exchequer. he has been called the austerity chancellor. he continues to lead the increasingly controversial austerity process. in a piece called "god sieve the british economy" in the upcoming "new york times" magazine adam davidson writes "in the past two years the united states has experienced a steep downturn followed by steady though horrendously slow upturn. the british economy, however, is profoundly stuck. the u.k. has been put on negative watch on three largest credit rating agencies. the european union is britain's largest trading partner, europe's economy remains on prepares you footing despite several months of relative calm and there's a growing debate about whether the u.k. should lead the e.u. earlier this month we covered the "economist" magazine read "good-bye europe, look what happened when britain left the e.u. " i'm pleased to have george osborne back on this program and back at this table. >> thank you very much. >> rose: you're in new york city
good friend from rochester new york, the distinguished ranking minority member of the committee on rules, ms. slaughter. pending which i yield myself such time as i may consume. i ask unanimous consent to revise and extend my remarks. the speaker pro tempore: without objection. mr. dreier: all time will be yielded for debate purposes only. i would like to ask, mr. speaker, unanimous consent that all members may have five legislative days to revise and extend their remarks on this resolution. the speaker pro tempore: without objection, so ordered. mr. dreier: mr. speaker, i was just thinking about the fact that there are 26 letters in the alphabet, and we have had the first three letters used in discussion here on the house floor today. a, b, and my friend from worcester brought up the letter c in talking about this. we have what is so-called letter b. and i'm not doing a "sesame street" skit here. letter b is what we are talking about, plan b, and i think about plan a. plan a is what the majority in the house of representatives has been trying for the last two years to implement
't have enough room in some of the smaller stores? >> yeah. >> will we see these things in new york? >> you may see them in new york, but the best example we talked about last time was the pub, the pub idea. >> yes. >> we had that and started out in one and now have 55. turns out people enjoy getting together and gathering and relaxing after work. >> okay. now, you also did a study most recently, a lot of -- a couple guys joked. ask him about whole paycheck and a lot of what i buy at whole foods is now cheaper than local merchants. >> right. we've talked about this. work really hard on our price competitiveness. quality and value, quality and value, it's always a dance. i think we are fundamentally more competitive. and i'm looking you in the eye and saying, hey, we are going to be competitive on like product because we're going to continue to grow the company. >> you have been doing terrific work rolling out private label. >> right. >> is there a balance? some people want to see those branded in the store, they don't want all private label. other people, some of the branded compani
. >> in times of stress, this economy turns to the new york stock exchange. there is a reason there is an american flag wrapped around the front of this building. charlie: you are committed to the floor traders, keeping them here? >> absolutely. connell: charlie live now from the floor. pretty big day down there, obviously. charlie: i am blown away by this story. we were pretty much on this thing from the get go. this was on a merger. the initial reports coming out of the, i believe, "wall street journal." this is a 200-year-old institution being taken over by a company from atlanta that has been in business for the last 12 years. this is amazing. that is like the glass half empty or half full power. about another year ago, we were talking about, and a lot of people moaning about a german institution taking over the new york stock exchange. that says something about america's dominance in world finance. we are seeing an entrepreneurial company now taking over the stock exchange. that is not bad. that is what american capitalism is all about. that is something to be celebrating
is a prevention bill. but i'm ginned this evening by congresswoman yvette clarke of new york who has long been an advocate for ending the gun violence in our communities and providing the kinds of assistance, both intervention and prevention, that we need in so many communities around this country. she's been a leader of so many issues. i'd like to yield her such time as she might consume. ms. clarke: i thank my colleague for yielding. madam speaker, i've joined my colleague, dr. donna christensen, representative of the virgin islands here tonight new york remembrance of the 20 -- 20 first grade children and six educators who were mercilessly gunned down last friday at the sandy hook elementary school. innocent victims of senseless gun violence. to the families, educators and community of newtown, connecticut, on behalf of the people of the 11th congressional district of brooklyn, new york, i wish to express my most profound and deepest condolences. i believe like so many across this nation that the families of these victims, the families of children in every community in the united states hav
of a disaster you have. at least disasters as described by existing law, and new york will get their money and it doesn't necessarily have to be the 64 million, it's just got to make sure there's money there for what's needed tomorrow and the next day and the next day. but we aren't going to have a final figure on this for a long time. so we ought to just move with some money to make sure it's there for what can be spent right now. i yield the floor. do you want me to suggest -- i suggest the absence of a quorum. the presiding officer: the presiding officer: the clerk will call the roll. quorum call: the presiding officer: the leader. mr. reid: i ask unanimous consent the call of the quorum be terminated. the presiding officer: without objection. mr. reid: mr. president, i rise today to honor a woman by the name of janice shelton. for her friendship, and 32 years of dedication as an employee of this body, the united states senate. 25 of those years janice worked as my executive assistant. she's demonstrated a sincere dedication to me, my office, my family, and this body, the united states
to new york and take a look at housing figures in the u.s. it looks like the real estate sector may be moving on up. here in london, will be picture be so optimistic? mortgage and retail figures out later this morning should give us an indication. >>> plus, in a global exclusive, cnbc's geoff cutmore speaks with alex ushmanov on his return on facebook, and his outlook for the xwloeshl economy. >>> welcome back to the program. it's been a busy year. after 12 months of uneven growth, the prospects for 2013 look equally uncertain. billionaire investor and russia's wealthiest man alisher usmanov told cnbc's geoff cutmore that rebalance of growth is need. >> 2013 will be a year where we need to search for solutions. there is a big discussion going on about the state of the global economy. everyone is involved in that debate, in that discussion about wa to do. governments, central banks, economists, businessmen, scholars. so as far as i'm concerned, what really worried me and what i think is the real cause of the uncertainty is the enormous disparity that exists between the various moneta
new york times," but it's everywhere -- host: representative huelskamp, for close watchers of congress, they understand that you've had a little bit of a kurfuffle with speaker boehner. what is your current relationship with speaker boehner? guest: for folks that are unaware, i was removed from two committees and three of my colleagues were stripped of their preferred committees as well. i don't believe any of us received any advanced notice. it's big boy politics up here. but recognize i think for most americans it looks petty, it looks vindictive because it was based on the way we voted. there was a secret scorecard, peter, that was involved. the steering committee of about 30 republicans went into a closed door meeting, gave no notice to me. they didn't tell me what committees i'm going to be on neck year. for a few weeks, committeeless is not necessarily a bad thing, peter. i -- in this case i'm a fifth generation farmer. someone has been on the ag committee for 101 years from kansas and have the speaker and other g.o.p. leaders punish me for my conservative votes and punish my con
as an example. so let's just understand in this body so that there's no mistake that new york and surrounding areas will get their money because the principle of fema money and probably other disaster money as well is simply this -- at the beginning of a year, you have some money in fema, but you never know what the disasters are going to be throughout the next 12 months. but when a disaster is declared, there is money there to flow, and when that disaster money runs out, as far as i know, it's always been replaced. whether you have an earthquake in california or you have a hurricane in the gulf of mexico or you have drought in the midwest like we have or texas like we have or you have tornadoes like we have in the midwest, and sandy as the most recent example. as far as i know, there has never been any dispute under the laws at that time, and those laws don't change very often. they -- they do get the money out to the people that need it, and then when that fund goes dry, it is replenished by congress. now, unless somebody is seeking money other -- in some way other than other disasters that
Search Results 0 to 19 of about 20 (some duplicates have been removed)